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Benchmarking is a systematic process where a business measures its success against competitors to discover how to improve performance. The goal is to identify gaps, learn from the best, and make necessary improvements to achieve superior performance. In benchmarking, businesses compare metrics, processes, and practices to industry leaders ...
Jan 11, 2023 · A benchmark is a test used to compare performance between multiple things, either against each other or against an accepted standard. In the computer world, benchmarks are often used to compare the speeds or performances of hardware components, software programs, and even internet connections.
benchmark something (against something) to judge the quality of something in relation to that of other similar things Projects are assessed and benchmarked against the targets. The journal was recently benchmarked against other IT journals.
Benchmark definition: a standard of excellence, achievement, etc., against which similar things must be measured or judged. See examples of BENCHMARK used in a sentence.
benchmark in American English. (ˈbentʃˌmɑːrk) noun. 1. a standard of excellence, achievement, etc., against which similar things must be measured or judged. The new hotel is a benchmark in opulence and comfort. 2. any standard or reference by which others can be measured or judged. The current price for crude oil may become the benchmark.
Jun 23, 2024 · benchmark (third-person singular simple present benchmarks, present participle benchmarking, simple past and past participle benchmarked) ( transitive) To measure the performance or quality of (an item) relative to another similar item in an impartial scientific manner. ( intransitive, followed by at) To give certain results in a benchmark test ...
Aug 12, 2022 · Benchmarking is a potentially powerful tool to promote continuous improvements in an organization. However, relying on internal-only measures breeds a myopic perspective. Hig- performing organizations strive to identify processes, functions, or offerings that are important to their businesses and evaluate their efficiency and effectiveness ...
